Oxbow Advisors LLC lowered its stake in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,956 shares of the mining company’s stock after selling 373 shares during the period. Oxbow Advisors LLC’s holdings in Agnico Eagle Mines Limited were worth $3,788,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Greystone Managed Investments Inc. purchased a new stake in Agnico Eagle Mines Limited during the first quarter valued at about $32,481,000. Scout Investments Inc. purchased a new stake in Agnico Eagle Mines Limited during the first quarter valued at about $26,604,000. Van ECK Associates Corp raised its stake in Agnico Eagle Mines Limited by 4.4% in the first quarter. Van ECK Associates Corp now owns 17,122,389 shares of the mining company’s stock valued at $726,674,000 after buying an additional 717,045 shares in the last quarter. Cidel Asset Management Inc. raised its stake in Agnico Eagle Mines Limited by 37.6% in the first quarter. Cidel Asset Management Inc. now owns 1,370,294 shares of the mining company’s stock valued at $65,409,000 after buying an additional 374,562 shares in the last quarter. Finally, Hexavest Inc. raised its stake in Agnico Eagle Mines Limited by 5,539.4% in the first quarter. Hexavest Inc. now owns 329,343 shares of the mining company’s stock valued at $13,976,000 after buying an additional 323,503 shares in the last quarter. Institutional investors and hedge funds own 60.78% of the company’s stock.
Agnico Eagle Mines Limited (NYSE AEM) traded down 0.599% during trading on Tuesday, hitting $45.645. 686,171 shares of the stock traded hands. The stock has a market cap of $10.51 billion, a PE ratio of 50.717 and a beta of -0.67. Agnico Eagle Mines Limited has a 12 month low of $35.05 and a 12 month high of $60.10. The company has a 50-day moving average price of $46.21 and a 200-day moving average price of $45.87.
Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) last announced its quarterly earnings data on Thursday, April 27th. The mining company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.17. Agnico Eagle Mines Limited had a net margin of 9.43% and a return on equity of 4.57%. The company had revenue of $547.50 million during the quarter, compared to analysts’ expectations of $528.14 million. During the same quarter in the prior year, the company earned $0.12 EPS. The firm’s revenue was up 11.6% on a year-over-year basis. Equities research analysts expect that Agnico Eagle Mines Limited will post $0.70 EPS for the current year.
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AEM has been the subject of several research reports. J P Morgan Chase & Co raised shares of Agnico Eagle Mines Limited from a “neutral” rating to an “overweight” rating in a research note on Wednesday, March 29th. Zacks Investment Research raised shares of Agnico Eagle Mines Limited from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Credit Suisse Group set a $63.00 price objective on shares of Agnico Eagle Mines Limited and gave the company a “buy” rating in a research note on Tuesday, July 18th. Scotiabank reissued an “outperform” rating and issued a $56.50 price objective on shares of Agnico Eagle Mines Limited in a research note on Friday, April 28th. Finally, Royal Bank Of Canada set a $54.00 price objective on shares of Agnico Eagle Mines Limited and gave the company a “hold” rating in a research note on Monday, June 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Agnico Eagle Mines Limited has a consensus rating of “Hold” and an average price target of $52.94.
About Agnico Eagle Mines Limited
Agnico Eagle Mines Limited is a gold producer with mining operations in northwestern Quebec, northern Mexico, northern Finland and Nunavut and exploration activities in Canada, Europe, Latin America and the United States. The Company operates through three business units. The Northern Business consists of its operations in Canada and Finland.
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